power house for nifty technicals and stock market fundamentals with charts and technicals.
Wednesday, May 20, 2009
WHATS AHEAD
Markets have changed the base in the last 2 days...3600-3700 zone seems too far back...FII in relentless buy mode still doing the catch up game...markets should consolidate in the range 4170-4250 NS in the coming days ( lower could be 4056 zone), try to test 4468 ( JANUARY 2008 LOW), maybe cross & TEST the NEXT SWINGs in the 4650 zone..move over this should be seen when we cross this zone...It will again become a traders market & technical traders can do well in this zoner..for retail and other friends..buy the dips with select mid/small cap stocks etc with very strict SL..cheers..
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